Short Term Rentals... CREATIVELY
Links mentioned in this episode:
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In this podcast episode, you will learn:
Private Placement Memorandum - a document drafted by a securities attorney that outlines the operating agreements. It is an extremely important part of the money-raising process that covers everything that the GP and investors are allowed to do.
506B - Allows sponsors to only raise money from their friends and family. People you have a substantial relationship with. This is your small circle of friends and family. You can't advertise the deal.
506C -Accredited Investors only ($1M net worth or $200-300K income) You can advertise this deal anywhere you want but you can't promise a return to your investors.
Trowbridge and Sidoti - They are two of the top attorneys in our country. Learn from the best of the best, we highly recommend them and they will not get you in trouble.
To connect with Gene Trowbridge and Jill Sidoti (323) 799-1342
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